In the review period, the company earned a net insurance premium of Rs 135.5 million. The net insurance premium increased by Rs 60.8 million compared to Rs 74.7 million in the review period of the previous FY.
During the period, the company paid a claim of Rs 498 million compared to Rs 551.1 million of the previous FY.
The company earned Rs 64 million from insurance commission and Rs 16.3 million from investment, loan and other income.
The company with Rs 700 million in paid-up capital has a reserve fund of Rs 49.8 million, an insurance fund of Rs 57.3 million and disaster fund of Rs 5.7 million. In order to meet the minimum paid-up capital of Rs 1 billion, the company is issuing IPO worth Rs 300 million.
During the period, the company has issued 42,383 insurance policies and has earned Rs 352.6 million in total insurance premium.
By the date, the company paid Rs 65.6 million to 807 claims and has an outstanding claim of Rs 77 million to 406 claims million.
